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Listing Details

515 Chestnut Mason City, IL 62664
$72,000
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Investment property seekers look no further than 515 W. Chestnut St., in Mason City, IL! Three units for such a low price = profit for you. The two unit main structure offers an upstairs and a main floor apartment, both spacious and well laid out. Only one easily removable wall stands between the current duplex status and a charming single family two story home again. Hidden, but remaining within are stained glass windows waiting to once again be revealed. Original hardwood flooring and old time features you'll love. There is a two car covered parking area at the rear offering ample parking and alley way access. A bonus apartment sits just behind the former home, and is a very comfortable living area offering spacious rooms and lots of privacy. All of this is conveniently located close to amenities. Tenants pay their own utilities except for trash service. With interest rates at historic lows, now is the time to pursue your investment goals in real estate ownership!!

Square Feet: Bedrooms: 3

Listing

Listing Price:72000
Address Direction:W
List Date:2021-07-28
MLS #:Ca1008854
Year Built:1904
Legal Description:West Add W 1/4 Of Lot 3-E 12 1/2 Ft. Of Lot 5 & All Lot 4 Blk 11 189

Location

Address Number:515
Address Street:Chestnut
City:Mason City
State:Il
Zip:62664
Address:515 W Chestnut Street
County:Logan
Elementary School:Illini Central
Middle School:Illini Central
High School:Illini Central
Subdivision:None

Income

Sale/Rent:For Sale
U1 $ Rent:350
U2 $ Rent:350
U3 $ Rent:375
Gross Annual Rent Income:12900
Misc Annual Income:12900
Gross Annual Income:25800
Net Operating Income:25800
LEASE INFORMATION:1 Year
TENANT PAYS:Gas &Amp; Electric,Water

Dwelling

Total # Units:3
Total # Water Heaters:3
Total # Heating Units:3
Total SQFT:1796
U1 Bedrooms:2
U1 Full Baths:1
U2 Bedrooms:2
U2 Full Baths:1
U3 Bedrooms:2
U3 Full Baths:1
U1 Fireplace (Y/N):N
U2 Fireplace (Y/N):N
U3 Fireplace (Y/N):N
GARAGE/PARKING:Carport,Alley
BASEMENT:Slab,Brick,Unfinished
HEATING/COOLING:2+ Heating Systems,Baseboard,Electric,Forced Air,Gas,Water Heater - Electric,Wall Units
WATER/SEWER:Public Sewer,Public Water
LAUNDRY FACILITIES:Other Laundry Facilities

Taxes / Expenses

Parcel ID#/Tax ID:20-07-225-003
Annual Taxes:2238.16
Tax Year:2020
TAX EXEMPTIONS:None

Interior

# Refrigerators:2
# Washers:1
# Dryers:1
INTERIOR AMENITIES:Cable Tv Available

Exterior

EXTERIOR:Brick,Vinyl Siding,Wood Siding

Grounds / Land / Lot

Area/Tract:Mason City
# Parking Spaces:3
U1 # Parking:1
U2 # Parking:1
U3 # Parking:2
U3 # Parking Uncovered:2
U1 # Cars Garaged:1
U2 # Cars Garaged:1
LOT DESCRIPTION:Level

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Listed by: ME Realty  /   MLS: 1008854